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1 points A new hedge fund was launched with a net asset value of 510.00...

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1 points A new hedge fund was launched with a net asset value of 510.00 per unit. At the end of the 1st year, the net asset value increases to $15.00. The hurdle rate on which annual incentive fees are used as SM By the end of the 2nd year, the net asset value ad failen to $14.00. For the hedge fund manage to earn an incentive fee at the end of Year 3. what is the minimum net asset value that units of the hedge fund mult ise 12 $10.00 39103 314.70 115.25

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